The Technology proposed to be transferred shall include the technology developed by Ibahn pertaining to BLE Mesh Smart Lighting (App, Firmware, Hardware, and Cloud Hosted Database) that provides consumers with a wide range of combination & control as well as work-in-progress technology pertaining to WiFi based technology solutions for its lighting products.

Bluetooth Mesh is a computer mesh network standard based on Bluetooth Low Energy (BLE), a wireless personal area network technology designed to provide low-cost & low energy consumption connectivity. The transaction shall be consummated upon execution of all the necessary Definitive agreements as per the Term Sheet.